Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 576

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 3
Chunk 576
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  Earnings per common share:        Basic (A/B) $0.06  $(0.01)Diluted (A/C) $0.06  $(0.01) For the years ended December 31, 2024 and 2023, respectively, the following potentially dilutive common stock, including awards granted under our equity incentive compensation plans, were excluded from the computation of diluted earnings per share because including them would be anti-dilutive.     Year Ended December 31,   2024  2023 Stock options  1,650,687   4,580,824 

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4. Trade Receivables and Allowance for Credit Losses Our trade receivables balance consists of traditional trade receivables. Trade receivables were as follows (in thousands):    December 31,   2024  2023 Gross trade receivables $4,498  $3,592 Less: allowance for credit losses  (146)  (116)Trade receivables, net $4,352  $3,476          Current trade receivables, net $4,352  $3,476 Long-term trade receivables, net  -   - Trade receivables, net $4,352  $3,476   The allowance for credit losses was as follows (in thousands): Balance at December 31, 2023 $116 Provision  57 Write-offs  (48)Recoveries and other  - Balance at March 31, 2024 $125 Provision  18 Write-offs  (18)Recoveries and other  (39)Balance at June 30, 2024 $86 Provision  14 Write-offs  (11)Recoveries and other  (17)Balance at September 30, 2024 $72 Provision  94 Write-offs  (34)Recoveries and other  14 Balance at December 31, 2024 $146   The allowance for credit losses is determined based on an assessment of historical collection experience using the aging schedule method as well as consideration of current and future economic conditions. Based on that assessment,