Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 1077

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 1077
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  $26  $132,888  $166  $(88,467) $44,613 Share-based compensation  -   -   3,002   -   -   3,002 Vesting of restricted stock units  76,464   -   -   -   -   - Foreign currency translation adjustment, net of tax  -   -   -   (6)  -   (6)Issuance of common stock for exercise of stock options  1,414,875   2   2,368   -   -   2,370 Taxes paid on the net settlement of stock options and RSUs  -   -   (243)  -   -   (243)Net income/(loss)  -   -   -   -   1,677   1,677 Balance, December 31, 2024  27,621,557  $28  $138,015  $160  $(86,790) $51,413 

The accompanying notes are an integral part of the consolidated financial statements. 

 52Table of Contents

CREXENDO, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(In thousands)  

  Year Ended December 31,   2024  2023 CASH FLOWS FROM OPERATING ACTIVITIES      Net income/(loss) $1,677  $(362)Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:        Depreciation and amortization  3,331   3,573 Share-based compensation  3,002   3,849 Non-cash operating lease amortization  (18)  (4)Gain on disposal of property and equipment  -   (1,459)Allowance for credit losses  127   82 Changes in assets and liabilities:        Trade receivables  (906)  (164)Contract assets  (106)  (109)Equipment financing receivables  (877)  (905)Inventories  (11)  297 Contract