Company: CXDO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001654954-25-009071
Chunk: 75

Company: Crexendo, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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142   59 Total amortization expense $801  $758  $1,507  $1,518   As of June 30, 2025, annual amortization of definite lived intangible assets, based on existing intangible assets and current useful lives, is estimated to be the following (in thousands): Year ending December 31,   2025 remaining $1,570 2026  2,560 2027  2,202 2028  1,637 2029  1,557 2030 and thereafter  9,905 Total $19,431   The following table provides a summary of changes in the carrying amounts of goodwill (in thousands):   Goodwill Balance at January 1, 2024 $9,454 Additions  - Balance at December 31, 2024 $9,454 Additions  - Balance at June 30, 2025 $9,454 

 22Table of Contents

9. Accrued Expenses Accrued expenses consisted of the following (in thousands):   June 30,  December 31,   2025  2024 Accrued wages and benefits $2,930  $2,828 Accrued accounts payable  1,886   1,579 Accrued sales and telecommunications taxes  1,853   1,837 Product warranty liability  33   32 Cloud computing arrangements  44   279 Credit cards  87   117 Other   635   320 Total accrued expenses $7,468  $6,992  The changes in aggregate product warranty liabilities for the year ended December 31, 2024 and the six months ended June 30, 2025 were as follows (in thousands):   Warranty Liabilities Balance at January 1, 2024 $25 Accrual for warranties  32 Adjustments related to pre-existing warranties  (4)Warranty settlements  (21)Balance at December 31, 2024  32 Accrual for warranties  12 Warranty settlements  (11)Balance at June 30, 2025 $33  Product warranty expense is included in cost of product revenue expense