Company: CXDO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001654954-25-009071
Chunk: 48

Company: Crexendo, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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,033) $46,765 Share-based compensation  -   -   784   -   -   784 Vesting of restricted stock units  23,579   -   -   -   -   - Foreign currency translation adjustment, net of tax  -   -   -   (1)  -   (1)Issuance of common stock for exercise of stock options  61,084   -   84   -   -   84 Taxes paid on the net settlement of stock options and RSUs  -   -   (32)  -   -   (32)Net income/(loss)  -   -       -   588   588 Balance, June 30, 2024  26,712,685  $27  $135,440  $166  $(87,445) $48,188 

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

 6Table of Contents

CREXENDO, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited, in thousands)

  Six Months Ended June 30,   2025  2024 CASH FLOWS FROM OPERATING ACTIVITIES      Net income/(loss) $2,403  $1,022 Adjustments to reconcile net income/(loss) to net cash provided by/(used for) operating activities:        Depreciation and amortization  1,627   1,676 Allowance for credit losses  (88)  8 Share-based compensation  1,488   1,512 Non-cash operating lease amortization  16   (6)Changes in assets and liabilities:        Trade receivables  (1,268)  (486)Contract assets  (54)  (21)Equipment financing receivables  (281)  (321)Inventories  (225)  (172)Contract costs  (231)  (574)Prepaid expenses  (421)  (534)Income tax receivable  (152)  (79)Other assets