Company: CXDO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001654954-25-009071
Chunk: 74

Company: Crexendo, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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158 for the six months ended June 30, 2025 and 2024, respectively. 

 21Table of Contents

8. Intangible Assets and Goodwill Acquired intangible assets subject to amortization consisted of the following (in thousands):   June 30, 2025  December 31, 2024   Gross Carrying Amount  Accumulated Amortization  Net Carrying Amount  Gross Carrying Amount  Accumulated Amortization  Net Carrying Amount Customer relationships $26,073  $(8,403) $17,670  $26,073  $(7,403) $18,670 Developed technologies  4,900   (3,446)  1,454   4,900   (3,081)  1,819 Trademark and trade names  400   (400)  -   400   (361)  39 Capitalized software development costs  410   (103)  307   -   -   - Total acquired intangible assets $31,783  $(12,352) $19,431  $31,373  $(10,845) $20,528  As of June 30, 2025, the weighted average remaining useful life for customer relationships was 11.9 years, developed technologies was 1.9 years, and capitalized software development costs was 0.8 years. Amortization expense for customer relationships intangible assets is included in selling and marketing expenses, amortization expense for developed technologies intangible assets is included in cost of software solutions revenue, amortization expense for trademark and trade name intangible assets is included in general and administrative expenses, amortization expense for capitalized software development costs intangible assets is included in general and administrative expenses. The following table summarizes the amortization expense by financial statement line item (in thousands):   Three Months Ended June 30,  Six Months Ended June 30,   2025  2024  2025  2024 Cost of software solutions revenue $183  $203  $365  $406 Selling and marketing  499   526   1,000   1,053 General and administrative  119   29