Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 326

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 15
Chunk 326
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’s impairment review process, including management’s review of the significant assumptions described above.    ·Evaluated the reasonableness of management’s revenue, operating margins, and other forecasted amounts by comparing the forecasts to actual historical results.    ·Evaluated the reasonableness of guideline public company valuation multiples.    ·Evaluated management’s determination of reporting units and segments.    ·With the assistance of our valuation specialists, evaluated the valuation methodologies and significant assumptions, including discount rates, and developed a range of independent estimates and compared those to the significant assumptions used by management.    ·Tested the mathematical accuracy of the calculations.

/s/ Cherry Bekaert LLP

We have served as the Company’s auditor since 2010.

Raleigh, North Carolina

March 25, 2025

 F-5Table of Contents

ACCESS NEWSWIRE INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

  As of December 31,   2024  2023 ASSETS      Current assets:      Cash and cash equivalents $4,103  $5,714 Accounts receivable (net of allowance for credit losses of $1,059 and $721, respectively)  3,351   3,005 Income tax receivable  —   232 Other current assets  1,234   1,134 Current assets held for sale  1,338   1,419 Total current assets  10,026   11,504 Capitalized software (net of accumulated amortization of $3,644 and $3,424, respectively)  934   556 Fixed assets (net of accumulated depreciation of $914 and $765, respectively)  365   495 Right-of-use asset – leases (See Note 10)  766   1,022 Other long-term assets  158   101 Goodwill  19,043   19,043 Intangible assets (net of accumulated amortization of $7,024 and $4,465, respectively)  11,976   28,685 Deferred tax asset  3,793   — Non-current assets held for sale  3,577   3,746 Total assets $50,638  $65,152 LIABILITIES AND