Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 603

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 3
Chunk 603
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From time to time, we may be involved in litigation that arises through the normal course of business. As of the date of this filing, we are neither a party to any litigation nor are we aware of any such threatened or pending litigation that might result in a material adverse effect to our business.

ITEM 4. MINE SAFETY DISCOLSURES.

Not applicable.

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PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

Holders of Record

As of December 31, 2024, there were approximately 150 registered holders of record of our common stock and 3,838,743 shares outstanding.

Dividends

We did not pay any dividends during the year ended December 31, 2024 and 2023. There can be no assurances that dividends will be paid in the future. The declaration and payment of dividends in the future will be determined by our Board of Directors in light of conditions then existing, including our earnings, financial condition, capital requirements and other factors.

ITEM 6. SELECT FINANCIAL DATA.

Our selected consolidated financial data shown below should be read together with Item7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and respective notes included in Item 8. “Financial Statements and Supplementary Data.” The data shown below are not necessarily indicative of results to be expected for any future period. The data below is comprised of results from continuing operations only and does not include results from discontinued operations.  For more information regarding continuing and discontinued operations, see Note 3 to our Consolidated Financial Statements for the year ended December 31, 2024.

 22Table of Contents

Summary of Operations for the periods ended December 31, 2024 and 2023 (in 000’s).

  Year Ended December 31,   2024  2023 Statement of Operations      Revenue $23,057  $24,522 Cost of revenues  5,617   5,607 Gross margin  17,440   18,915 Operating costs  19,609   21,654 Impairment loss on intangible assets  14,150   — Operating loss  (16,319 )  (2,739 )Other expense  (1,026 )  (1,640 )Loss before taxes  (17,345