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

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 8
Chunk 25
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 revenue is recognized evenly over the contract period. For all other services delivered on a per project or event basis, the revenue is recognized at the completion of the event. The Company believes recognizing revenue for subscriptions and stand ready obligations using a time-based measure of progress, best reflects the Company’s performance in satisfying the obligations. The following table sets forth the assets and liabilities included in discontinued operations as of December 31, 2024 and 2023 as presented into the Consolidated Balance Sheets: in $000’s December 31,   2024  2023 Accounts Receivable (net of provision for credit losses of $559 and $398 as of December 31, 2024 and 2023, respectively $1,321  $1,363 Other current assets  17   56 Total current assets  1,338   1,419 Goodwill  2,885   2,885 Intangible Assets (net of accumulated amortization of $5,265 and $5,097 as of December 31, 2024 and 2023, respectively  637   805 Other non current assets  55   56 Total assets $4,915  $5,165  Accounts Payable $107  $128 Accrued Expenses  168   81 Deferred Revenue  618   662 Total liabilities $893  $871 

 F-17Table of Contents

The following table sets forth the details of income from discontinued operations for the years ended December 31, 2024 and 2023 as presented in the Consolidated Statement of Operations: In $000's   Years Ended December 31,   2024  2023 Revenues $5,831  $8,856 Cost of revenues  1,690   2,322 Gross margin  4,141   6,534 Operating costs and expenses:        General and administrative  666   581 Sales and marketing  104   223 Product development  —   7 Depreciation and amortization  168   168 Total operating costs and expenses  938   979 Operating income  3,203   5,555 Other income (expense)        Interest income  31   133 Income before income taxes