Company: ACCS
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0000843006-25-000041
Chunk: 92

Company: ACCESS Newswire Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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ase liability  889  We have performed an evaluation of our other contracts with customers and suppliers in accordance with Topic 842 and have determined that, except for the leases described above, none of our contracts contain a lease.

 15Table of Contents

Note 7: Segment Reporting Operating segments are components of an enterprise about which separate financial information is available and is evaluated periodically by management, namely the Chief Operating Decision Maker (“CODM”) of an organization, in order to determine operating and resource allocation decisions. By this definition, the Company has identified its Chief Executive Officer as the CODM. The Company considers itself to be in a single reportable segment under the authoritative guidance for segment reporting, specifically a communications company for publicly traded and private companies. The CODM uses operating income to evaluate our capital allocation, which could be re-investing income back into the Company, executing a share-repurchase, paying dividends or acquiring other entities. Operating income is used to monitor budget versus actual results. The CODM also uses operating income in competitive analysis by benchmarking to the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the Company. Below provides a further breakdown of costs and expenses of our one reporting segment (in thousands):   For the Three Months Ended  For the Six Months Ended   June 30,  June 30,  June 30,  June 30,   2025  2024  2025  2024 Revenues $5,621  $6,020  $11,097  $11,592 Cost of revenues                Costs to deliver products  812   626   1,499   1,297 Employee costs  407   607   793   1,223 Teleconference costs  41   58   94   113 Amortization of capitalized software  72   54   145   100 Other segment costs  4   28   8   28 Total cost of revenue  1,336   1,373   2,539   2,761 Operating costs and expenses:                Employee costs  1,507   2,228   3,404   4,503 Consultants and professional services  563   757   1,271   1