Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 330

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 330
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 $26,330  
    $—  
    $(57,959) 
    $(31,629)

F-9

XTI
AEROSPACE, INC. AND SUBSIDIARIES 

CONSOLIDATED
STATEMENTS OF CASH FLOWS

(In
thousands)

    For the Years Ended December 31, 

    2024  
    2023 
  
    Cash Flows Used in Operating Activities 

    Net loss 
    $(35,603) 
    $(25,066)

    Adjustment to reconcile net loss to net cash used in operating activities: 

    Depreciation and amortization 
     113  
     11 
  
    Amortization of intangible assets 
     622  
     27 
  
    Amortization of right-of-use asset 
     237  
     — 
  
    Non-cash interest expense, net of interest income 
     417  
     613 
  
    Stock-based compensation 
     4,121  
     1,645 
  
    Impairment of intangible assets 
     2,507  
     — 
  
    Loss on conversion of note receivable to equity investment 
     2,630  
     — 
  
    Unrealized loss on equity investment 
     628  
     — 
  
    Change in fair value of JV obligation 
     —  
     196 
  
    Change in fair value of convertible notes payable 
     (12,882) 
     9,144 
  
    Loss on extinguishment of convertible notes payable 
     6,732  
     6,635 
  
    Change in fair value of warrant liability 
     281  
     164 
  
    Other 
     359  
     108 

    Changes in operating assets and liabilities: 

    Accounts receivable and other receivables 
     (18) 
     26 
  
    Inventories 
     611  
     — 
  
    Prepaid expenses and other current assets 
     922  
     (84)
  
    Other assets 
     40  
     — 
  
    Accounts payable 
     346  
     1,266 
  
    Related party payables 
     —  
     190 
  
    Accrued expenses and other current liabilities