Company: ACCS
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0000843006-25-000025
Chunk: 18

Company: ACCESS Newswire Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 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.

 15Table of Contents

 In $000’s   Three Months EndedMarch 31,   2025  2024 Revenues $5,476  $5,572 Cost of revenues        Costs to deliver products  687   671 Employee costs  386   616 Teleconference costs  53   55 Amortization of capitalized software  73   46 Other segment costs  4   — Total cost of revenue  1,203   1,388 Operating costs and expenses:        Employee costs  1,897   2,275 Consultants and professional services  708   791 Depreciation and amortization  670   682 Advertising  301   439 Provision for credit losses  277   301 Software licensing  261   253 Stock compensation  186   (86 )Hosting  129   101 Merchant and bank fees  107   123 Capitalized Software  (23 )  (245 )Acquisition/integration and other non-recurring costs  80   100 Rent  91   90 Other operating expenses (1)  266   222 Total operating costs and expenses  4,950   5,046 Operating loss $(677 ) $(862 ) (1) Other operating expenses include insurance, travel, reseller commissions, tradeshow expense and other miscellaneous selling, general and administrative expenses

 16Table of Contents

Note 8: Credit Agreement On March 20, 2023 (the “Closing Date”), the Company entered into a $25 million Credit Agreement (the “Credit Agreement”) with Pinnacle Bank (“Pinnacle”). Initially, the Credit Agreement provided for the following: (i) term loan facility