Company: CXDO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001654954-25-009071
Chunk: 73

Company: Crexendo, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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. The identification of account-specific exposure is not a significant factor in establishing the allowance for credit losses for equipment finance receivables. We continue to monitor developments in future economic conditions and trends, and as a result, our reserve may need to be updated in future periods.

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The table below shows gross equipment financing receivables and current period gross write offs by year of origination (in thousands):   June 30, 2025  December 31, 2024   2025  2024  2023  2022  2021  Prior  Total Equipment Financing Receivables  Total Equipment Financing Receivables United States $874   1,657   970   368   63   20  $3,952  $3,672 Current period gross write offs $3   8   2   1   1   -  $16  $36 

6. Prepaid Expenses Prepaid expenses consisted of the following (in thousands):   June 30,  December 31,   2025  2024 Prepaid corporate insurance $219  $88 Prepaid software services and support  454   455 Prepaid employee insurance premiums  202   - Prepaid Nasdaq listing fee  35   - User group meeting fees  211   86 Prepaid rent  47   103 Other prepaid expenses  129   144 Total prepaid expenses $1,297  $876 

7. Property and Equipment  Property and equipment consisted of the following (in thousands):   June 30,  December 31,   2025  2024 Computer and office equipment  2,160   2,142 Computer software  589   589 Internal-use software  14   14 Vehicles  143   143 Leasehold improvements  34   34 Less: accumulated depreciation  (2,648)  (2,528)Total property and equipment, net $292  $394  Depreciation expense is included in general and administrative expenses and totaled $55 and $78 for the three months ended June 30, 2025 and 2024, respectively, and $120 and $