Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 97

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 97
---
4,000 )  (22,000 )Proceeds from issuance of term loan (see Note 6)  —   19,988 Payment for capitalized debt issuance costs  —   (88 )Proceeds from exercise of stock options, net of income taxes  —   19 Net cash used in financing activities  (4,000 )  (2,081 )         Net change in cash and cash equivalents  (1,456 )  826 Cash and cash equivalents - beginning  5,714   4,832 Currency translation adjustment  (155 )  56 Cash and cash equivalents - ending $4,103  $5,714 Supplemental disclosures:        Cash paid for income taxes $342  $1,314 Cash paid for interest $1,387  $1,394 

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

 F-10Table of Contents

ACCESS NEWSWIRE INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1: Description, Background and Basis of Operations Nature of Operations ACCESS Newswire Inc. (the “Company” or “ACCESS”) was incorporated in the State of Delaware in October 1988 under the name Docucon Inc. Subsequent to the December 13, 2007 merger with My EDGAR, Inc., the Company changed its name to Issuer Direct Corporation and on January 27, 2025, changed its name to ACCESS Newswire Inc. Today, ACCESS is a leading communications company providing solutions for both public relations and investor relations professionals. The Company operates under several brands in the market, including Direct Transfer, Interwest, ACCESSWIRE and Newswire. The Company leverages its securities compliance and regulatory expertise to provide a comprehensive set of services that enhance a customer’s ability to communicate effectively with its shareholder base while meeting all reporting regulations required.

Note 2: Summary of Significant Accounting Policies The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. Significant intercompany accounts and transactions are eliminated in consolidation. Cash Equivalents For purposes of the Company’s financial statements, the Company considers all highly liquid investments purchased with an original maturity date of three months or less to be cash equivalents. Accounts Receivable and Allowance for Credit Losses The Company calculates its allowance for credit losses