Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 276

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 13
Chunk 276
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Acquisition/integration and other non-recurring costs  408   591 Rent  368   360 Impairment loss on intangible assets  14,150   — Other operating expenses (1)  54   827 Total operating costs and expenses  33,759   21,654 Operating loss $(16,319 ) $(2,739 )  (1)Other operating expenses include insurance, travel, reseller commissions, tradeshow expense and other miscellaneous selling, general and administrative expenses

 F-25Table of Contents

Note 13: Income Taxes The provision for income taxes consisted of the following components for the years ended December 31 (in 000’s):   2024  2023 Current:      Federal $20  $(79 )State  5   45 Foreign  12   (55 )Total Current  37   (89 )Deferred:        Federal  (3,611 )  (670 )State  (590 )  (175 )Foreign  100   (4 )Total Deferred  (4,101 )  (849 )Total benefit for income taxes $(4,064 ) $(938 ) Reconciliation between the statutory rate and the effective tax rate is as follows on December 31 (in 000's, except percentages):   2024  2023   Amount  Percentage  Amount  Percentage Federal statutory tax rate $(3,642 )  21.0% $(920 )  21.0%State tax rate  (586 )  3.3%  (139 )  3.2%Permanent difference – stock-based compensation  56   (0.3 )%  54   (1.2 )%Permanent difference – other  19   (0.1 )%  8   (0.2 )%Foreign tax credit generated  —   —   —   — Tax on foreign earnings – tax reform  40   (0.2 )%  —   — Foreign rate differential  4   (0.1 )%  (9 )  0.2%FDII Deduction  —  —%   —   — Other