Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 989

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7A
Chunk 989
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          (159)  (159)Vesting of restricted stock units  275,924   -   -   -   -   - Foreign currency translation adjustment, net of tax  -   -   -   (21)  -   (21)Issuance of common stock for exercise of stock options  183,521   -   241   -   -   241 Taxes paid on the net settlement of stock options and RSUs  -   -   (264)  -   -   (264)Dividends declared  -   -   (130)  -   -   (130)Net income/(loss)  -   -   -   -   (362)  (362)Balance, December 31, 2023  26,130,218  $26  $132,888  $166  $(88,467) $44,613 Share-based compensation  -   -   3,002   -   -   3,002 Vesting of restricted stock units  76,464   -   -   -   -   - Foreign currency translation adjustment, net of tax  -   -   -   (6)  -   (6)Issuance of common stock for exercise of stock options  1,414,875   2   2,368   -   -   2,370 Taxes paid on the net settlement of stock options and RSUs  -   -   (243)  -   -   (243)Net income/(loss)  -   -   -   -   1,677   1,677 Balance, December 31, 2024  27,621,557  $28  $138,015  $160  $(86,790) $51,413 

The accompanying notes are an integral part of the consolidated financial statements. 

 52Table of Contents

CREXENDO, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(In thousands)  

  Year Ended December