Company: CXDO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001654954-25-009071
Chunk: 70

Company: Crexendo, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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                Weighted-average basic shares outstanding (B)  29,430,050   26,664,220   28,731,048   26,489,562 Dilutive effect of stock-based awards  1,804,661   2,846,683   2,434,313   3,321,276 Diluted weighted-average outstanding shares of common stock (C)  31,234,711   29,510,903   31,165,361   29,810,838                  Earnings per common share:                Basic (A/B) $0.04  $0.02  $0.08  $0.04 Diluted (A/C) $0.04  $0.02  $0.08  $0.03  For the three and six months ended June 30, 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 Ended June 30,  Six Months Ended June 30,   2025  2024  2025  2024 Stock options  2,331,638   3,160,358   1,725,349   2,746,780 

 18Table of Contents

4. Trade Receivables and Allowance for Credit Losses Our trade receivables balance consists of traditional trade receivables. Trade receivables were as follows (in thousands):   June 30,  December 31,   2025  2024 Gross trade receivables $5,766  $4,498 Less: allowance for credit losses  (146)  (146)Trade receivables, net $5,620  $4,352          Current trade receivables, net $5,620  $4,352 Long-term trade receivables, net  -   - Trade receivables, net $5,620  $4,352    The allowance for credit losses was as follows (in thousands): Balance at December 31, 2024