Company: CXDO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001654954-25-005149
Chunk: 24

Company: Crexendo, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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280   26,314,903 Dilutive effect of stock-based awards  3,068,495   3,827,197 Diluted weighted-average outstanding shares of common stock (C)  31,092,775   30,142,100          Earnings per common share:        Basic (A/B) $0.04  $0.02 Diluted (A/C) $0.04  $0.01  For the three months ended March 31, 2025 and 2024, the following potentially dilutive common stock, including awards granted under our equity incentive compensation plans, were excluded from the computation of diluted net income per share because including them would be anti-dilutive.    Three Months EndedMarch 31,   2025  2024 Stock options  1,303,571   1,317,937 

4. Trade Receivables and Allowance for Credit Losses Our trade receivables balance consists of traditional trade receivables. Trade receivables were as follows (in thousands):   March 31,  December 31,   2025  2024 Gross trade receivables $4,225  $4,498 Less: allowance for credit losses  (165)  (146)Trade receivables, net $4,060  $4,352          Current trade receivables, net $4,060  $4,352 Long-term trade receivables, net  -   - Trade receivables, net $4,060  $4,352  The allowance for credit losses was as follows (in thousands): Balance at December 31, 2024 $146 Provision  48 Write-offs  (31)Recoveries and other  2 Balance at March 31, 2025 $165  The allowance for credit losses is determined based on an assessment of historical collection experience using the aging schedule method as well as consideration of current and future economic conditions. Based on that assessment, the allowance for credit losses as a percentage of gross accounts receivable increased to 3.9% at March 31, 2025 from 3.3% at December 31, 2024.

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