Company: ACCS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008214
Chunk: 1

Company: ACCESS Newswire Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 1
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,  
    September 30,  
    September 30,  
    September 30, 

    2025  
    2024  
    2025  
    2024 

    Beginning balance 
    $1,600  
    $712  
    $1,059  
    $721 
  
    Provision for credit losses 
     80  
     283  
     636  
     773 
  
    Write-offs 
     (19) 
     (57) 
     (34) 
     (556)
  
    Ending Balance 
    $1,661  
    $938  
    $1,661  
    $938 

     8 

Concentration of Credit Risk

Financial instruments and
related items which potentially subject the Company to concentrations of credit risk consist primarily of cash, cash equivalents and accounts
receivable. The Company places its cash and temporary cash investments with credit quality institutions. As of September 30, 2025, the
Company’s domestic cash balance is spread among different depository institutions such that there is no balance which exceeds the
FDIC insurance limit of $250,000. The Company also had cash-on-hand of $1,647,000 in Canada as of September 30, 2025.

The Company believes it did
not have any financial instruments that could have potentially subjected us to significant concentrations of credit risk for any relevant
period.

The Company did not have
any customers during the three months ended September 30, 2025 or 2024 that accounted for more than 10% of revenue.

Revenue Recognition

Substantially all the Company’s
revenue comes from contracts with customers for its press release distribution and related products, investor relations website hosting
or data feeds, events and webcast offerings and subscriptions to its incident hotline. Customers consist of public corporate issuers and
professional firms, such as investor and public relations firms. In the case of news distribution and webcasting offerings, customers
also include private companies. The Company accounts for a contract with a customer when there is an enforceable contract between the
Company and the customer, the rights of the parties are identified, the contract has economic substance, and collectability of the contract
consideration is probable. The Company's revenues are measured based on consideration specified in the contract with each customer.

The Company's contracts include
either a subscription to its entire platform