Company: ACCS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008214
Chunk: 8

Company: ACCESS Newswire Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 8
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-7 years) are amortized over their estimated useful lives. 

     12 

Advertising

The Company expenses advertising
as incurred. During the three and nine-month periods ended September 30, 2025, advertising expense was $248,000 and $879,000, respectively.
Additionally, during the nine-month period ended September 30, 2025, the Company incurred $132,000 in costs associated with its corporate
re-brand. During the three and nine-month periods ended September 30, 2024, advertising expense was $255,000 and $1,033,000, respectively.

Liquidity and Capital Resources

As of September 30,
2025, we had $3,261,000
in cash and cash equivalents and $4,137,000
in net accounts receivable. Current liabilities from continuing operations as of September 30, 2025, totaled $10,847,000
including the current portion of our long-term debt, accounts payable, deferred revenue, accrued payroll liabilities, income taxes
payable, current portion of lease liabilities and other accrued expenses.

As of September 30,
2025, our current liabilities from continuing operations exceeded our current assets from continuing operations by $1,846,000.
While our current liabilities from continuing operations exceed current assets from continuing operations, we believe our ability to
renegotiate our Credit Agreement (see Note 8 below) and ability to continue to generate cash will benefit us in the future.

Accounting
Pronouncements Not Yet Effective

In December 2023, the FASB
issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, which will require the Company to
disclose specified additional information in its income tax rate reconciliation and provide additional information for reconciling items
that meet a quantitative threshold. ASU 2023-09 will also require the Company to disaggregate its income taxes paid disclosure by federal,
state and foreign taxes, with further disaggregation required for significant individual jurisdictions. ASU 2023-09 is effective for the
Company for the year ending December 31, 2025. The guidance allows for adoption using either a prospective or retrospective transition
method. The Company does not believe the adoption of this standard will have a significant impact on the Company’s financial position,
results of operations or cash flows, however, is evaluating the impact that the updated standard will have on its financial statement
disclosures