Company: ACCS
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0000843006-25-000041
Chunk: 93

Company: ACCESS Newswire Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 93
---
,548 Depreciation and amortization  665   674   1,335   1,356 Advertising  330   339   631   778 Provision for credit losses  279   189   556   490 Software licensing  198   248   459   501 Stock compensation  205   244   391   158 Hosting  142   133   271   234 Merchant and bank fees  111   118   218   241 Capitalized Software  —   (155)  (23)  (400)Acquisition/integration and other non-recurring costs  374   94   454   194 Rent  92   94   183   184 Other operating expenses (1)  68   215   334   437 Total operating costs and expenses  4,534   5,178   9,484   10,224 Operating loss $(249) $(531) $(926) $(1,393) (1) Other operating expenses include insurance, travel, reseller commissions, tradeshow expense and other miscellaneous selling, general and administrative expenses

Note 8: Credit Agreement On March 20, 2023 (the “Closing Date”), the Company entered into a $25 million Credit Agreement (the “Credit Agreement”) with Pinnacle Bank (“Pinnacle”). Initially, the Credit Agreement provided for the following: (i) term loan facility in an aggregate principal amount of $20 million (the “Term Loan”), and (ii) revolving line of credit in an up to aggregate principal amount of $5 million (the “Revolving LOC”), subject to an 85% limit based on the current eligible accounts receivable (as defined in the Credit Agreement).  Pursuant to the terms of the Credit Agreement, the per annum interest rate of the Term Loan is variable based on the one-month secured overnight financing rate (“SOFR”) plus 2.35%, subject to a minimum SOFR of 2.00%. However, the Term Loan issued on the Closing Date has a per annum interest rate of 6.217%, which was fixed with respect to the entire principal amount as a result of an interest rate swap agreement entered into between the Company and Pinnacle on the Closing Date in accordance with the terms of the