Company: CXDO
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001654954-25-005149
Chunk: 4

Company: Crexendo, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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audited, in thousands) 

  Three Months Ended March 31,   2025  2024 CASH FLOWS FROM OPERATING ACTIVITIES      Net income/(loss) $1,171  $434 Adjustments to reconcile net income/(loss) to net cash provided by/(used for) operating activities:        Depreciation and amortization  771   840 Allowance for credit losses  (112)  14 Share-based compensation  726   728 Non-cash operating lease amortization  24   (2)Changes in assets and liabilities:        Trade receivables  273   (749)Contract assets  (8)  25 Equipment financing receivables  (115)  (137)Inventories  (183)  1 Contract costs  (192)  (379)Prepaid expenses  (117)  (391)Income tax receivable  33   - Other assets  (4)  14 Accounts payable and accrued expenses  (695)  (1,099)Income tax payable  -   27 Contract liabilities  (334)  508 Net cash provided by/(used for) operating activities  1,238   (166)         CASH FLOWS FROM INVESTING ACTIVITIES        Purchase of property and equipment  -   - Net cash provided by/(used for) investing activities  -   -          CASH FLOWS FROM FINANCING ACTIVITIES        Repayments made on finance leases  (19)  (18)Repayments made on notes payable  (117)  (112)Proceeds from exercise of options  1,979   1,049 Taxes paid on the net settlement of stock options and RSUs  (80)  (60)Net cash provided by/(used for) financing activities  1,763   859 Effect of exchange rate changes on cash  13   1          NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS  3,014   694          CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR  18,193