Company: CXDO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001654954-25-005149
Chunk: 54

Company: Crexendo, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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1,437  $1,231  $206   17%

The increase in selling and marketing expense is primarily related to an increase in commission expense of $176 directly related to the increase in revenue and an increase in marketing materials and trade shows of $78, offset by a decrease in sales support software of $16 and a decrease in other selling and marketing costs of $32.

General and Administrative

General and administrative expenses consist of salaries, benefits, bonuses and share-based compensation for executives and administrative personnel, amortization of trademark and trade name intangible assets, legal, rent, equipment, accounting and other professional services, consulting fees and other administrative corporate expenses. The following table reflects our general and administrative expenses for the three months ended March 31, 2025, compared to the three months ended March 31, 2024:

  Three Months Ended March 31,   2025  2024  DollarChange  PercentChange General and administrative $1,581  $1,138  $443   39%

The increase in general and administrative expenses is primarily related to an increase in salaries, benefits, bonuses, and share-based compensation of $338, an increase in professional service costs of $28, an increase in accounting software costs of $27 associated with service contract fees for our new accounting system, an increase in consulting fees of $21, and an increase in other general and administrative expenses of $29.

Research and Development

Research and development expenses primarily consist of salaries, benefits, bonuses, share-based compensation, and outsourcing engineering services related to the development of our software solutions. The following table reflects our research and development expense for the year end March 31, 2024, compared to the year ended March 31, 2023:

  Three Months Ended March 31,   2025  2024  DollarChange  PercentChange Research and development $1,391  $980  $411   42%

The increase in research and development expenses is primarily related to an increase in salaries, benefits, bonuses, and share-based compensation of $357 due to the allocation of resources from the Cloud Telecommunications Services segment as we finalize the migration of our customers to the VIP platform and from an increase in headcount, and an increase in outsourced engineering services expenses of $61, offset by a decrease in other research and development expenses of $7.

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Other Income/(