Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 898

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 898
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 48Table of Contents

Crexendo, Inc. AND SUBSIDIARIES

Consolidated Balance Sheets

(In thousands, except par value and share data)

  December 31,  2024 2023 Assets      Current assets:      Cash and cash equivalents $18,193  $10,347 Trade receivables, net of allowance of $146 and $116, respectively  4,352   3,476 Inventories  393   382 Equipment financing receivables, net of allowance of $69 and $56, respectively  1,049   856 Contract costs  1,931   1,345 Prepaid expenses  876   508 Income tax receivable  75   - Other current assets  13   35 Total current assets  26,882   16,949          Contract assets, net of allowance of $127 and $85, respectively  406   342 Long-term equipment financing receivables, net of allowance of $157 and $115, respectively  2,397   1,768 Property and equipment, net  394   670 Operating lease right-of-use assets  1,491   1,009 Intangible assets, net  20,528   23,556 Goodwill  9,454   9,454 Contract costs, net of current portion  2,879   2,273 Other long-term assets  507   139 Total Assets $64,938  $56,160          Liabilities and Stockholders' Equity        Current liabilities:        Accounts payable $1,003  $769 Accrued expenses  6,992   5,951 Finance leases  21   75 Notes payable  478   457 Operating lease liabilities  481   566 Income tax payable  40   53 Contract liabilities  3,079   2,390 Total current liabilities  12,094   10,261          Contract liabilities, net of current portion  293   198 Finance leases, net of current portion  2   23 Notes payable, net of current portion  114   592 Operating lease liabilities, net of current