Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 991

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7A
Chunk 991
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 (264)Net cash provided by/(used for) financing activities  1,595   (2,306)Effect of exchange rate changes on cash  (6)  (21)NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS  7,846   4,872 CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR  10,347   5,475 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR $18,193  $10,347          Supplemental disclosure of cash flow information:        Cash used during the year for:        Income taxes, net $(300) $(121)Interest expense $(32) $(115)

The accompanying notes are an integral part of the consolidated financial statements.

 53Table of Contents

CREXENDO, INC. AND SUBSIDIARIES 

Notes to Consolidated Financial Statements

1. Description of Business and Significant Accounting Policies Description of Business – Crexendo, Inc. is incorporated in the state of Nevada. As used hereafter in the notes to consolidated financial statements, we refer to Crexendo, Inc. and its wholly owned subsidiaries, as “we,” “us,” or “our Company.” Crexendo, Inc. is an award-winning software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes. Our cloud communications software solutions currently support over five million end users globally, through an extensive network of over 235 cloud communication platform software subscribers and our direct retail offering. The Company has two operating segments, which consist of Cloud Telecommunications and Software Solutions.  Basis of Presentation – The consolidated financial statements include the accounts and operations of Crexendo, Inc. and its wholly owned subsidiaries, which include Allegiant Networks, LLC, Crexendo Business Solutions, Inc., NetSapiens, LLC, Crexendo Business Solutions of Virginia, Inc., NSHC, Inc., NetSapiens Canada, Inc., NetSapiens International Limited and Crexendo International, Inc. All intercompany account balances and transactions have been eliminated in consolidation. The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and pursuant to