Company: CXAI
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009077
Chunk: 28

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 conditions, changes in the business environment, and reporting unit-specific events, to determine whether it is more likely than not that the fair value of a reporting unit is less than it carrying amount. If we bypass the qualitative assessment or conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying value, we perform a quantitative impairment test by comparing the fair value of the reporting unit with its carrying amount. For the quantitative test, we calculate the estimated fair value using a weighting of the income and market approaches.

The Company completed a qualitative as well as quantitative goodwill impairment assessment as of September 30, 2025, and determined that no
impairment was necessary. No goodwill impairment was recognized for the year ended December 31, 2024 based on the annual goodwill impairment evaluation as of November 30, 2024 for the year ended December 31, 2024. 

    21

Intangible assets consisted of the following (in thousands): 

    Schedule of intangible assets

    September 30, 2025

    December 31, 2024

        Weighted Average
        Remaining Useful
Life (Years)

    GrossAmount

    Accumulated Amortization

    Net CarryingAmount

    GrossAmount

    AccumulatedAmortization

    Net CarryingAmount

    Trade Name/Trademarks
     
    4.42

    $
    3,293

    $
    (1,196
    )
     
    $
    2,097

    $
    3,294

    $
    (843
    )
     
    $
    2,451

    Customer Relationships
     
    2.42

    5,604

    (2,849
    )

    2,755

    5,604

    (2,008
    )

    3,596

    Developed Technology
     
    7.42

    8,697

    (2,210
    )

    6,487

    8,697

    (1,558
    )

    7,139

    Patents and Intellectual Property
     
    7.42

    2,703

    (687
    )

    2,016

    2,703

    (485
    )

    2,218

    Totals

    $
    20