Company: CXDO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001654954-25-012585
Chunk: 33

Company: Crexendo, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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$203  $548  $609 Selling and marketing  500   526   1,500   1,579 General and administrative  102   26   244   85 Total amortization expense $785  $755  $2,292  $2,273 

 21Table of Contents

As of September 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 $785 2026  2,560 2027  2,202 2028  1,637 2029  1,557 2030 and thereafter  9,905 Total $18,646  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 September 30, 2025 $9,454 

9. Accrued Expenses Accrued expenses consisted of the following (in thousands):   September 30,  December 31,   2025  2024 Accrued wages and benefits $2,952  $2,828 Accrued accounts payable  2,260   1,579 Accrued sales and telecommunications taxes  2,051   1,837 Product warranty liability  35   32 Cloud computing arrangements  101   279 Credit cards  103   117 Other   555   320 Total accrued expenses $8,057  $6,992  The changes in aggregate product warranty liabilities for the year ended December 31, 2024 and the nine months ended September 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