Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 1042

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 9B
Chunk 1042
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able operating leases on December 31, 2024, are as follows (in 000’s): Year Ended December 31:   2025 $389 2026  401 2027  413 Total lease payments  1,203 Present value adjustment  (146 )Lease liability $1,057  We have performed an evaluation of our other contracts with customers and suppliers in accordance with Topic 842 and have determined that, except for the leases described above, none of our contracts contain a lease.

Note 11: Commitments and Contingencies From time to time, the Company may be involved in litigation that arises through the normal course of business. The Company is neither a party to any litigation nor is aware of any such threatened or pending litigation that might result in a material adverse effect to the Company’s business.

Note 12: Segment Reporting Operating segments are components of an enterprise about which separate financial information is available and is evaluated periodically by management, namely the Chief Operating Decision Maker (“CODM”) of an organization, in order to determine operating and resource allocation decisions. By this definition, the Company has identified its CEO as the CODM. The Company considers itself to be in a single reportable segment under the authoritative guidance for segment reporting, specifically a communications company for publicly traded and private companies. The CODM uses operating income to evaluate our capital allocation, which could be re-investing income back into the Company, executing a share-repurchase, paying dividends or acquiring other entities. Operating income is used to monitor budget versus actual results. The CODM also uses operating income in competitive analysis by benchmarking to  the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the Company. In $000's   Years Ended December 31,   2024  2023 Revenues $23,057  $24,522 Cost of revenues        Costs to deliver products  2,623   2,987 Employee costs  2,462   2,339 Teleconference costs  252   216 Amortization of capitalized software  220   61 Other segment costs  60   4 Total cost of revenue  5,617   5,607 Operating costs and expenses:        Employee costs  8,103   9,603 Consultants and professional services