Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 784

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 5
Chunk 784
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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 portion  1,022   473 Total liabilities  13,525   11,547          Commitments and contingencies (Note 17)                 Stockholders' equity:        Preferred stock, par value $0.001 per share - authorized 5,000,000 shares; none issued  -   - Common stock, par value $0.001 per share - authorized 50,000,000 shares, 27,621,557 shares issued and outstanding as of December 31, 2024 and 26,130,218 shares issued and outstanding as of December 31, 2023  28   26 Additional paid-in capital  138,015   132,888 Accumulated deficit  (86,790)  (88,467)Accumulated other comprehensive income  160   166 Total stockholders' equity  51,413   44,613          Total Liabilities and Stockholders' Equity $64,938  $56,160 

The accompanying notes are an integral part of the consolidated financial statements. 

 49Table of Contents

CREXENDO, INC. AND SUBSIDIARIES

Consolidated Statements of Operations

(In thousands, except per share and share data)

  Year Ended December 31,   2024  2023 Service revenue $31,849  $29,668 Software solutions revenue  23,374   18,047 Product revenue  5,615   5,484 Total revenue