Company: ACCS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008214
Chunk: 33

Company: ACCESS Newswire Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 33
---
 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 and ability to continue to generate cash will benefit us in the future.

As of September 30, 2025,
the aggregate principal amount of our Revolving LOC was $1,500,000 and is set to expire June 30, 2026. We currently have no plans to utilize
the Revolving LOC but may do so in the future. If the Company does utilize any funds under the Revolving LOC, the funds will bear interest
at a per annum rate equal to the then current SOFRplus 2.05%. As of September 30, 2025, there was no outstanding balance under the Revolving
LOCand the interest rate was 6.36%.

 27 

Disclosure about Off-Balance Sheet Arrangements

We do not have any transactions,
agreements or other contractual arrangements that constitute off-balance sheet arrangements.

Non-GAAP Measures

The non-GAAP adjustments referenced
below and herein relate to the exclusion of stock-based compensation, amortization of acquisition-related intangible assets. and other
expenses the Company believes to be non-recurring. A reconciliation of GAAP to non-GAAP historical financial measures has been provided
in the tables below.

Management believes that the
use of EBITDA from continuing operations, Adjusted EBITDA from continuing operations, non-GAAP net income (loss) from continuing operations,
non-GAAP net income (loss) from continuing operations per share, free cash flow and adjusted free cash flow is helpful to its investors.
These measures, which are referred to as non-GAAP financial measures, are not prepared in accordance with generally accepted accounting
principles in the United States, or GAAP. Our management uses these non-GAAP financial measures as tools for financial and operational
decision making and for evaluating our own operating results over different periods of time.

EBITDA from continuing operations
is calculated by excluding depreciation and amortization, interest expense, net, and income taxes from the loss from continuing operations.
Adjusted EBITDA also excludes certain other expenses which the Company believes to be non-recurring