Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 1096

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 1096
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501   -   501 Telecommunications services  25,168   -   25,168 Fees, commissions, and other, recognized over time  1,899   -   1,899 One time fees, commissions and other  2,100   -   2,100 Software licenses  -   3,454   3,454 Subscription maintenance and support  -   13,181   13,181 Professional services and other  -   1,412   1,412   $35,152  $18,047  $53,199 Timing of revenue recognition            Products, services, and fees recognized at a point in time $7,584  $4,866  $12,450 Products, services, and fees transferred over time  27,568   13,181   40,749   $35,152  $18,047  $53,199  Contract balances The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers.   December 31, (In thousands) 2024  2023 Receivables, which are included in trade receivables, net of allowance for credit losses $4,352  $3,476 Contract assets, net of allowance for credit losses  406   342 Contract liabilities  3,372   2,588 

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Significant changes in the contract assets and the contract liabilities balances during the period are as follows:   For the Year Ended  For the Year Ended (In thousands) December 31, 2024  December 31, 2023   Contract Assets  Contract Liabilities  Contract Assets  Contract Liabilities Revenue recognized that was included in the contract liability balance at the beginning of the period $-  $(3,154) $-  $(3,393)Increase due to cash received, excluding amounts recognized as revenue during the period  -   3,938   -   2,396 Transferred to receivables from contract assets recognized at the beginning of the period  (302)  -   (192)  - Increase due to additional unamortized discounts