Company: ACCS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000843006-25-000012
Chunk: 147

Company: ACCESS Newswire Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 10
Chunk 147
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  2,885   2,885 Intangible Assets (net of accumulated amortization of $5,265 and $5,097 as of December 31, 2024 and 2023, respectively  637   805 Other non current assets  55   56 Total assets $4,915  $5,165  Accounts Payable $107  $128 Accrued Expenses  168   81 Deferred Revenue  618   662 Total liabilities $893  $871 

 F-17Table of Contents

The following table sets forth the details of income from discontinued operations for the years ended December 31, 2024 and 2023 as presented in the Consolidated Statement of Operations: In $000's   Years Ended December 31,   2024  2023 Revenues $5,831  $8,856 Cost of revenues  1,690   2,322 Gross margin  4,141   6,534 Operating costs and expenses:        General and administrative  666   581 Sales and marketing  104   223 Product development  —   7 Depreciation and amortization  168   168 Total operating costs and expenses  938   979 Operating income  3,203   5,555 Other income (expense)        Interest income  31   133 Income before income taxes  3,234   5,688 Income tax expense  746   1,481 Net income from discontinued operations $2,488  $4,207 

Note 4: Fixed Assets in $000’s December 31,   2024  2023 Computer equipment $243  $224 Furniture & equipment  331   331 Leasehold improvements  705   705 Total fixed assets, gross  1,279   1,260 Less: Accumulated depreciation  (914 )  (765 )Total fixed assets, net $365  $495  Included in leasehold improvements is $488,000 of tenant improvement allowance associated with a lease signed in March 2019 related to the Company’s corporate headquarters. Depreciation expense on fixed assets for the years ended December