Company: ACCS
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0000843006-25-000025
Chunk: 70

Company: ACCESS Newswire Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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 $1,390 Cost of revenues  315   427 Gross margin  335   963 Operating costs and expenses:        General and administrative  140   86 Sales and marketing  17   26 Depreciation and amortization  28   42 Total operating costs and expenses  185   154 Operating income  150   809 Other income        Interest income  8   9 Gain on disposal of compliance business  8,974   — Income before income taxes  9,132   818 Income tax expense   2,980   174 Net income from discontinued operations $6,152  $644 

Note 4: Equity Dividends The Company did not pay any dividends during the three-month periods ended March 31, 2025 and 2024. 

 13Table of Contents

 Preferred stock and common stock There were no issuances of preferred stock or common stock during the three-month periods ended March 31, 2025 and 2024, other than stock awarded to employees and the Board of Directors. 2023 Equity Incentive Plan On June 7, 2023, the shareholders of the Company approved the 2023 Equity Incentive Plan (the “2023 Plan”).  Under the terms of the 2023 Plan, the Company is authorized to issue incentive awards for common stock up to 300,000 shares to employees and other personnel. The awards may be in the form of incentive stock options, nonqualified stock options, restricted stock, restricted stock units and performance awards. The 2023 Plan is effective through April 1, 2033. As of March 31, 2025, there are 366,078 shares which remain to be granted under the 2023 Plan, including 123,076 shares assumed under the Company’s previous 2014 Equity Incentive Plan, as amended. The following table summarizes information about stock options outstanding and exercisable at March 31, 2025:   Options Outstanding  Options Exercisable Exercise Price Range Number  Weighted AverageRemaining ContractualLife (in Years)  Weighted AverageExercise Price  Number $ 0.01 - 8.00   5,000   0.64  $6.80   5,000 $