Company: ACCS
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0000843006-25-000025
Chunk: 71

Company: ACCESS Newswire Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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 8.01 - 11.00   1,000   4.25  $10.75   1,000 $ 11.01 - 16.00   10,000   3.92  $13.21   10,000 $ 16.01 - 27.00   30,000   7.76  $26.98   15,000 $ 27.01 - 27.71   12,750   6.80  $27.71   12,750 Total  58,750   6.23  $22.80   43,750  As of March 31, 2025, the Company had unrecognized stock compensation related to the options of $183,000, which will be recognized through 2027. The Company did not grant any restricted stock units during the three months ended March 31, 2025. During the three months ended March 31, 2024, the Company granted 26,500 restricted stock units to employees, which vest at various intervals over 3 years.  The average grant date fair value of these grants was $14.86 per share. During the three months ended March 31, 2025, 9,000 restricted stock units with an intrinsic value of $20.81, vested. During the three months ended March 31, 2024, 2,167 restricted stock units with an average intrinsic value of $28.24, vested. As of March 31, 2025, there was $575,000 of unrecognized compensation cost related to our unvested restricted stock units, which will be recognized through 2026. 

Note 5: Income Taxes The Company recognized income tax benefit of $185,000 for the three-month period ended March 31, 2025 compared to $158,000 for the three-month period ended March 31, 2024. At the end of each interim period, the Company estimates the effective tax rate expected to be applicable for the full fiscal year and this rate is applied to the results for the year-to-date period, and then adjusted for any discrete period items. For the three-month periods ended March 31, 2025 and 2024, the variance between our effective tax rate and the U.S. statutory rate of 21% is primarily attributable to state income tax, a