Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 228

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 228
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 2025 of $30.4 million.

46

The breakdown of our working
capital as of the periods indicated below is as follows (in thousands):

    Working Capital 
    September 30, 2025  
    December 31, 2024  
    $ Change 
  
    Current Assets 

    Cash and cash equivalents 
    $32,198  
    $4,105  
    $28,093 
  
    Accounts receivable, net 
     2,095  
     706  
     1,389 
  
    Other receivables 
     38  
     538  
     (500)
  
    Inventories 
     1,433  
     2,214  
     (781)
  
    Prepaid expenses and other current assets 
     918  
     1,018  
     (100)

    Total Current Assets 
     36,682  
     8,581  
     28,101 

    Current Liabilities 

    Accounts payable and related party payables 
     2,560  
     5,538  
     (2,978)
  
    Accrued expenses and other current liabilities 
     2,263  
     6,703  
     (4,440)
  
    Accrued interest 
     342  
     522  
     (180)
  
    Customer deposits 
     1,350  
     1,350  
     — 
  
    Warrant liability 
     28,228  
     —  
     28,228 
  
    Operating lease obligation, current 
     98  
     119  
     (21)
  
    Deferred revenue 
     737  
     532  
     205 
  
    Short-term debt 
     -  
     2,657  
     (2,657)

    Total Current Liabilities 
     35,578  
     17,421  
     18,157 

    Net Working Capital (Deficit) 
    $1,104  
    $(8,840) 
    $9,944 

Balance Sheet Improvement

During the nine months ended
September 30, 2025, we raised approximately $62.8 million in net proceeds through our now expired ATM