Company: CXDO
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001654954-25-012585
Chunk: 63

Company: Crexendo, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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 and marketing expense of $12.

General and Administrative

General and administrative expenses consist of salaries, benefits, bonuses and share-based compensation for executives, administrative personnel, legal, rent, equipment, accounting and other professional services, investor relations, rent expense, consulting fees, depreciation, amortization of intangible assets, and other administrative corporate expenses. The following table reflects our general and administrative expenses for the three months ended September 30, 2025, compared to the three months ended September 30, 2024:

  Three Months Ended September 30,   2025  2024  Dollar Change  Percent Change General and administrative $1,928  $2,278  $(350)  -15%

The decrease in general and administrative expenses is primarily related to a decrease in administrative salaries, benefits, bonuses, share-based compensation, and headcount of $163, a decrease in telecommunication annual taxes and fees of $76, a decrease in utility expense of $53, and a decrease in other general and administrative expenses of $58.

Research and Development

Research and development expenses primarily consist of salaries, benefits, bonuses, and share-based compensation and outsourced engineering services related to the development of new cloud telecommunications features and products. The following table reflects our research and development expenses for the three months ended September 30, 2025, compared to the three months ended September 30, 2024:

  Three Months Ended September 30,   2025  2024  Dollar Change  Percent Change Research and development $122  $134  $(12)  -9%

The decrease in research and development expenses is primarily related to the allocation of engineering resources to the Software Solutions segment of $23 as we finalize the migration of our classic customers to our VIP platform, offset by an increase in other research and development expenses of $11.

Other Income/(Expense)

Other income/(expense) primarily relates to interest income, interest expense, net foreign exchange gains or losses, gain on the sale of property and equipment, and credit card cash back rewards. The following table reflects our other income/(expense) for the three months ended September 30, 2025, compared to the three months ended September 30, 2024:

  Three Months Ended September 30,   2025  2024  Dollar Change  Percent Change Other income/(expense) $194  $