Company: ACCS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008214
Chunk: 5

Company: ACCESS Newswire Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 5
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 incurred to develop
the Company’s cloud-based platform products are capitalized when the preliminary project phase is complete, management commits
to fund the project and it is probable the project will be completed and used for its intended purposes. Once the software is substantially
complete and ready for its intended use, the software is amortized over its estimated useful life, which is typically four years. Costs
related to design or maintenance of the software are expensed as incurred. Amortization for the three and nine-month periods ended September
30, 2025 and 2024, is as follows (in thousands):

    Schedule of capitalized costs and amortization 

    For the Three Months Ended  
    For the Nine Months Ended 

    September 30,  
    September 30,  
    September 30,  
    September 30, 

    2025  
    2024  
    2025  
    2024 

    Capitalized software development costs 
    $–  
    $137  
    $23  
    $537 
  
    Amortization included in cost of revenues 
    $64  
    $59  
    $209  
    $159 

Impairment of Long-lived Assets

In accordance with the authoritative
guidance for accounting for long-lived assets, assets such as property and equipment, trademarks, and intangible assets subject to amortization,
are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be
recoverable. Recoverability of asset groups to be held and used is measured by a comparison of the carrying amount of an asset group to
estimated undiscounted future cash flows expected to be generated by the asset group. If the carrying amount of an asset group exceeds
its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of an asset group exceeds
fair value of the asset group.

Lease Accounting

The Company determines if
an arrangement is a lease at inception. Operating lease agreements are primarily for office space and are included within lease right-of-use
(“ROU”) assets and lease liabilities on the consolidated balance sheet.

ROU assets represent the right
to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease.
ROU assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term.