Company: ACCS
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0000843006-25-000025
Chunk: 0

Company: ACCESS Newswire Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
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ACCESS NEWSWIRE INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

  March 31,2025  December 31,2024 ASSETS (unaudited)   Current assets:      Cash and cash equivalents $4,100  $4,103 Accounts receivable (net of allowance for credit losses of $1,321 and $1,059 respectively)  3,489   3,351 Other current assets  1,915   1,234 Current assets held for sale  633   1,338 Total current assets  10,137   10,026 Capitalized software (net of accumulated amortization of $3,718 and $3,644, respectively)  884   934 Fixed assets (net of accumulated depreciation of $954 and $914, respectively)  338   365 Right-of-use asset – leases  703   766 Other long-term assets  97   158 Goodwill  19,043   19,043 Intangible assets (net of accumulated amortization of $7,654 and $7,024, respectively)  11,346   11,976 Deferred tax asset  4,735   3,793 Non-current assets held for sale  —   3,577 Total assets $47,283  $50,638          LIABILITIES AND STOCKHOLDERS’ EQUITY        Current liabilities:        Accounts payable $1,655  $1,423 Accrued expenses  2,140   1,699 Income tax payable  3,787   56 Current portion of long-term debt  870   4,000 Deferred revenue  5,021   4,743 Current liabilities held for sale  —   893 Total current liabilities  13,473   12,814 Long-term debt (net of debt discount of $65 and $70, respectively)  2,326   11,930 Lease liabilities – long-term  581   668 Other long-term liabilities  8   — Total liabilities  16,388   25,412 Commitments and contingencies        Stockholders' equity: