Company: ACCS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008214
Chunk: 16

Company: ACCESS Newswire Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 16
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50 
  
    Total lease expense 
    $93  
    $94  
    $276  
    $278 

The weighted-average remaining
non-cancelable lease term for our operating leases was 2.25
years as of September 30, 2025. As of September 30, 2025, the weighted-average discount rate used to determine the lease liability was
3.77%. The future minimum
lease payments to be made under non-cancelable operating leases on September 30, 2025, are as follows (in thousands):

    Schedule of future lease payments of operating leases 

    Year Ended December 31: 

    2025 
    $100 
  
    2026 
     401 
  
    2027 
     412 
  
    Total lease payments 
     913 
  
    Present value adjustment 
     (109)
  
    Lease liability 
    $804 

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.

     17 

Note 7: 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 Chief Executive Officer 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. Below provides
a breakdown of costs and expenses of our one operating unit (in thousands):

     Schedule of segment reporting 

    For the Three Months Ended  
    For the Nine Months Ended 

    September 30,  
    September 30,  
    September 30,  
    September 30,