Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 135

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 10
Chunk 135
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                  Exercise of stock awards, net of tax   18,999   —   —   —   —   — Stock issued to consultants  4,532   —   44   —   —   44 Foreign currency translation  —   —   —   (129)  —   (129)Net loss  —   —   —   —   (10,793)  (10,793)Balance on December 31, 2024  3,838,743  $4  $24,259  $(178) $1,141  $25,226 

The accompanying notes are an integral part of these consolidated financial statements.

 F-9Table of Contents

ACCESS NEWSWIRE INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, except share and per share amounts)

  Years Ended December 31,   2024  2023 Cash flows from operating activities      Net (loss) income $(10,793 ) $766 Adjustments to reconcile net (loss) income to net cash provided by operating activities:        Net income from discontinued operations, net of tax  (2,488 )  (4,207 )Loss on impairment of intangible assets  14,150   — Provision for credit losses  1,083   538 Depreciation and amortization  2,928   2,788 Deferred income taxes  (3,933 )  (433 )Stock-based compensation expense – employees and directors  684   1,365 Stock-based compensation expense - consultants  44   — Change in fair value of interest rate swap  (81 )  21 Amortization of debt issuance costs  17   13 Changes in operating assets and liabilities:        Decrease (increase) in accounts receivable  (1,462 )  (1,150 )Decrease (increase) in other assets  391   152 Increase (decrease) in accounts payable  245   (60 )Increase (decrease) in deferred revenue  44   267 Increase (decrease) in accrued expenses and other liabilities  (429 )