Company: ACCS
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0000843006-25-000041
Chunk: 16

Company: ACCESS Newswire Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 2024 as presented in the Consolidated Balance Sheets (in thousands):   June 30, 2025  December 31, 2024 Accounts Receivable (net of provision for credit losses of $1,016 and $559 as of June 30, 2025 and December 31, 2024) $116  $1,321 Other current assets  —   17 Total current assets  116   1,338 Goodwill  —   2,885 Intangible Assets (net of accumulated amortization $5,265 as of December 31, 2024)  —   637 Other non-current assets  —   55 Total assets $116  $4,915  Accounts Payable $—  $107 Accrued Expenses  —   168 Deferred Revenue  —   618 Total liabilities $—  $893  The following table sets forth the details of income from discontinued operations for the three and six months ended June 30, 2025 and 2024 as presented in the Consolidated Statement of Operations (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 $—  $1,666  $650  $3,056 Cost of revenues  —   496   315   923 Gross profit  —   1,170   335   2,133 Operating costs and expenses:                General and administrative  420   236   560   322 Sales and marketing expenses  —   26   17   52 Depreciation and amortization  —   42   28   84 Total operating costs and expenses  420   304   605   458 Operating income (loss)  (420)  866   (270)  1,675 Interest income (expense), net  —   8   8   17 Gain on disposal of business  —   —   8,974   — Income (loss) before taxes