Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 788

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 5
Chunk 788
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s from the sale of property and equipment  -   3,792 Net cash provided by/(used in) investing activities  (27)  3,700          CASH FLOWS FROM FINANCING ACTIVITIES        Borrowings/(repayments) on line of credit, net  -   (82)Proceeds from notes payable  -   278 Repayments made on finance leases  (75)  (95)Repayments made on notes payable  (457)  (2,254)Proceeds from exercise of options  2,370   241 Dividend payments  -   (130)Taxes paid on the net settlement of stock options and RSUs  (243)  (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