Company: ACCS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008214
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Company: ACCESS Newswire Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
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(UNAUDITED)

Note 1. Basis of Presentation

The unaudited interim consolidated
balance sheet as of September 30, 2025 and consolidated statements of operations, comprehensive income (loss), stockholders’ equity
and cash flows for the three and nine-month periods ended September 30, 2025 and 2024 included herein, have been prepared in accordance
with the instructions for Form 10-Q under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Article
10 of Regulation S-X under the Exchange Act. In the opinion of management, they include all normal recurring adjustments necessary for
a fair presentation of the financial statements. Results of operations reported for the interim periods are not necessarily indicative
of results for the entire year. Certain information and footnote disclosures normally included in financial statements prepared in accordance
with accounting principles generally accepted in the United States ("GAAP") have been condensed or omitted pursuant to such
rules and regulations relating to interim financial statements. The interim financial information should be read in conjunction with the
2024 audited financial statements of ACCESS Newswire Inc. (the “Company”, “We”, or “Our”) filed on
Form 10-K for the year ended December 31, 2024.

Note 2. Summary of Significant Accounting Policies

The consolidated financial
statements include the accounts of the Company and its wholly owned subsidiaries. Significant intercompany accounts and transactions are
eliminated in consolidation.

Cash Equivalents

For purposes of the Company’s
financial statements, the Company considers all highly liquid investments purchased with an original maturity date of three months or
less to be cash equivalents.

Accounts Receivable and Allowance for Credit
Losses

The Company calculates its
allowance for credit losses using an expected losses model rather than using incurred losses. The model is based on the credit losses
expected to arise over the life of the asset based on the Company’s expectations as of the balance sheet date through analyzing
historical customer data as well as taking into consideration current economic trends. The Company generally writes-off accounts receivable
against the allowance when it determines a balance is uncollectible and no longer actively pursues its collection.

The following is a summary
of the allowance for credit losses during the three and nine months ended September 30, 2025 and 2024 (in thousands):

    Schedule of allowance for credit losses 

    For the Three Months Ended  
    For the Nine Months Ended 

    September 30