Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 1018

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7A
Chunk 1018
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 Fair Value Assets:            Trade receivables, net $4,352  $4,352  $3,476  $3,476 Equipment financing receivables   3,446   3,446   2,624   2,624 Liabilities:                Finance leases $23  $23  $98  $98 Notes payable  592   587   1,049   1,012  We have no liabilities for which fair value is recognized in the balance sheet on a recurring basis as of December 31, 2024 and 2023.

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13. Equity Common Stock Shares of common stock reserved for future issuance as of December 31, 2024 were as follows (in thousands):    Stock-based compensation plans:   Share-based awards issued under plans  7,122 Available for future grants  1,612    8,734 

14. Stock-Based Compensation We have various incentive stock-based compensation plans that provide for the grant of stock options, restricted stock units (RSUs), and other share-based awards of up to 8,734 shares to eligible employees, consultants, and directors. As of December 31, 2024, we had 1,612 shares remaining in the plans available to grant.  Stock Options The weighted-average fair value of stock options on the date of grant and the assumptions used to estimate the fair value of stock options granted during the years ended December 31, 2024 and 2023 using the Black-Scholes option-pricing model were as follows:   Year Ended December 31,   2024  2023 Weighted-average fair value of options granted $3.64  $1.38 Expected volatility  75%  88%Expected life (in years)  5.69   5.74 Risk-free interest rate  4.13%  3.76%Expected dividend yield  0.00%  0.00% The expected volatility of the options is determined using historical volatilities based on historical stock prices. The expected life of the options granted is based on our historical share option exercise experience. The risk-free interest rate is determined using the yield available for zero-coupon U.S. government issues with a remaining term equal to the expected