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

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 8
Chunk 10
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Raleigh, North Carolina

March 25, 2025

 F-5Table of Contents

ACCESS NEWSWIRE INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

  As of December 31,   2024  2023 ASSETS      Current assets:      Cash and cash equivalents $4,103  $5,714 Accounts receivable (net of allowance for credit losses of $1,059 and $721, respectively)  3,351   3,005 Income tax receivable  —   232 Other current assets  1,234   1,134 Current assets held for sale  1,338   1,419 Total current assets  10,026   11,504 Capitalized software (net of accumulated amortization of $3,644 and $3,424, respectively)  934   556 Fixed assets (net of accumulated depreciation of $914 and $765, respectively)  365   495 Right-of-use asset – leases (See Note 10)  766   1,022 Other long-term assets  158   101 Goodwill  19,043   19,043 Intangible assets (net of accumulated amortization of $7,024 and $4,465, respectively)  11,976   28,685 Deferred tax asset  3,793   — Non-current assets held for sale  3,577   3,746 Total assets $50,638  $65,152 LIABILITIES AND STOCKHOLDERS’ EQUITY        Current liabilities:        Accounts payable $1,423  $1,180 Accrued expenses  1,699   1,838 Income taxes payable  56   11 Current portion of long-term debt   4,000   4,000 Deferred revenue  4,743   4,750 Current liabilities held for sale  893   871 Total current liabilities  12,814   12,650 Long-term debt (net of debt discount of $70 and $87, respectively) (see Note 6)  11,930   15,913 Deferred income tax liability  —